AARP: “Ten million people, including 1.3 million aged 55 and older, were unemployed in October. Workers aged 55 and older experienced one of the sharpest increases in unemployment of any age group between September and October. Duration of unemployment and long-term unemployment also increased, particularly among the older unemployed.”
News release: “In the third quarter of 2008, employers initiated 1,330 mass layoff events that resulted in the separation of 218,158 workers from their jobs for at least 31 days, according to preliminary figures released by the U.S. Department of Labor’s Bureau of Labor Statistics. Layoff events reached their highest level for the third quarter since 2001, while separations reached their highest level since 2003. The total number of layoff events was 312 higher in the third quarter 2008 than the same period a year earlier, and the number of associated separations increased by 58,134.”
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